Lower Rates Equals a Better Deal

North Carolina Workers Comp Rates

North Carolina workers' compensation rates continue to increase in 2016.

North Carolina ranks near the middle of the national average. A 2010 study ranks NC as the 23 highest in premium rates across the United States making their average rates 4% higher than the national average. A similar study done in 2014 ranked the state as 27th for average rates. North Carolina's median rates are currently on par with the average rates in the U.S.

At Workers Compensation Shop.com, we know how to help employers find the lowest rates for coverage because we specialize in workers' comp insurance. Consult with one of our licensed agents today and we'll make sure you get the best premium discounts and credits on your next workers comp quote.

NC Rates for Select Work Comp Class Codes

The workers' compensation rates listed below for North Carolina represent the current insurance rates for 2017. North Carolina is a competitive rating state, but not under the jurisdiction of NCCI. Rates are set by the North Carolina Industrial Commission. Private insurance companies are allowed to offer premium discounts and workers comp credits up to 25% on all policies. We offer Pay As You Go workers' comp in NC. Not all employers will qualify for the lowest rates available or maximum policy credits.

Class Code

Low Rate

High Rate

0042 Landscaping

$3.88

$10.60

3632 Machine Shop

$2.14

$5.84

3724 Garage Door Installation

$2.48

$6.77

3821 Salvage Yard

$5.37

$14.67

5022 Masonry

$6.45

$17.61

5102 Door & Window Installation

$4.17

$11.39

5183 Plumbing

$3.15

$8.60

5190 Electrical Wiring

$3.49

$9.53

5221 Concrete Construction

$3.56

$9.73

5348 Tile Installation

$3.46

$9.45

5437 Carpentry Trim

$4.46

$12.18

5474 Painting

$5.99

$16.36

5478 Flooring

$2.72

$7.43

5537 HVAC Installation & Repair

$4.33

$11.83

5645 Carpentry Noc. Residential Construction

$12.47

$34.06

7228 Short Haul Trucking

$6.20

$16.93

7605 Alarm Installation

$1.89

$5.16

8006 gas

$2.35

$6.42

8017 Retail Store

$1.30

$3.55

8380 Auto Shop

$2.06

$5.63

8742 Outside Sales Person

$0.29

$0.79

8810 Clerical - NOC

$0.10

$0.27

8832 Doctors Office

$0.30

$0.82

8835 Home Health Care

$2.15

$5.87

8842 Group Homes

$1.62

$4.42

9012 Building Operations By Owner

$0.79

$2.16

9014 Janitorial Cleaning

$2.25

$6.14

9015 Building Operations By Contractor

$2.32

$6.34

9052 Hotel Employees

$1.59

$4.34

9082 Restaurant

$0.96

$2.62

9083 Restaurant Fast Food

$1.04

$2.84

9102 Lawn Care

$2.40

$6.55

9516 Electrical Equipment Service & Repair

$4.18

$11.42

North Carolina rates vary by workers compensation classification codes and insurance company underwriting standards. Employers' who have an Experience Modification Factor in North Carolina assigned to their company may have additional credits or debits applied to their insurance rates based on prior premiums and workers compensation loss experience. There is no State Fund in North Carolina. Assigned Risk policies are available for employers that are unable to find private insurance through the North Carolina Rate Bureau.

Reducing Rates in North Carolina

Owner Exclusion: Business Owners in North Carolina are generally permitted to exclude themselves from workers' compensation insurance in the state. This is true for every form of business including sole-proprietors, partners, LLC owners, and corporations. Keep in mind that owners who do exclude coverage on themselves will not be covered in the event they are injured on the job. Health insurance also excludes medical coverage for work related injuries because it's designed to be covered un workers comp insurance.

Scheduled Credits: North Carolina law allows private insurance companies to apply scheduled credits up to 25% on a workers compensation policy. This is in addition to any credits given because of a good Experience Modification Rate. Credits are usually given for management experience, no prior claims, and profitability of an account. Employers should always request additional credits when shopping workers compensation quotes.

North Carolina is under the Jurisdiction of the National Council for Compensation Insurance (NCCI). While there is not State Fund in NC, all Assigned Risk coverage is managed by the North Carolina Rate Bureau.

Our agency can help employers find guaranteed state fund coverage in NC. If we can't find coverage with a private insurance provider we can help your business get a state fund quote.

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We've developed exclusive relationships with our insurance companies to turn-around accurate and bindable workers comp quotes in no time at all.

Start your quote online or call us at 888-611-7467

We will shop your policy with our NC carriers.

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Better Payment Options

We're a national leader in Pay As You Go Workers Compensation. We've developed low price programs to help reduce or eliminate down payments and allow employers to report and pay premium based on their actual wages.

We've negotiated the best deals with many of our insurance companies in order to offer more flexible payment options like 12 equal installment plans and monthly reporting to help improve cash flow for business owners.

Tough Class Codes

Faster Insurance Quotes

We offer an affordable quote for some of the toughest NCCI class codes and higher experience modifiers because we've partnered with national carriers who specialize in high hazard industries.

Our carriers and underwriters understand that we need to turn wc quotes quickly so our customers can buy coverage when they need it. We often turn quotes in less than 24 hours.

At Workers Compensation Shop.com, we work with more than 35 of the top-rated insurance companies doing business in North Carolina and the U.S. Our broad selection of carriers enables us to search more options for the very lowest rates on your insurance class codes.

Give one of our North Carolina workers compensation Specialists a call today at 888-611-7467 to see if your business qualifies for lower workers compensation insurance rates. Schedule an appointment now.

Visit NCCI for more resources and information about workers' compensation class codes. Visit United States Department of Labor for more information about government agencies managing workers compensation insurance rates.